Global upstream industry's free cash flow 1980-2022
Brent oil price is already on track to exceed the 2014 annual average of 98.97 U.S. dollars.
Free cash flow of public exploration and production companies is expected to reach a record 834 billion real U.S. dollars in 2022. As oil prices are surging due to tighter supplies, companies within the upstream industry are expected to have significantly greater liquidity. The